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5G Installed IoT Outdoor Surveillance Camera Market will be on Top By Next 3 years: Gartner

News Desk by News Desk
October 17, 2019
Outdoor surveillance cameras market

Surveillance cameras installed outside of business offices, homes, In-vehicles, toll devices, streets and other public places including rural and urban areas, people are adopting high-tech security surveillance and the demand continuously increasing day day-by-day. According to Gartner’s prediction, Outdoor surveillance cameras market for 5G IoT will be on top over the next three years.

Stephanie Baghdassarian, senior research director at Gartner, said 5G IoT installed endpoints for outdoor surveillance cameras will reach 2.5 million in 2020, 6.2 million units in 2021 and 11.2 million units in 2022, but will be surpassed by connected cars in 2023. “Cameras deployed by city operators or used to ensure building security and provide intruder detection offers the largest addressable market as they are located outdoors, often across cities, and require cellular connectivity.

5G technology exploring new market opportunities for communications service providers (CSPs), there is a need to assess the many use cases with a view to prioritizing investment towards the development of IoT solutions.

5G IoT Endpoint Installed Base, Worldwide, 2020 and 2023 (Thousands of Units)

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Segment2020

Volume

2020

Market Share (%)

2023

Volume

2023

Market Share (%)

Connected cars — embedded (consumer and commercial)3931119,08739
Outdoor surveillance cameras2,4827015,76232
Fleet telematics devices13545,14611
In-vehicle toll devices5011,5523
Emergency services6121,1812
Others400115,86312
 

Total

 

3,522

 

100

 

48,590

 

100

Data Source: Gartner (October 2019)

These outdoor security surveillance is like built-in baby sitter, it gives you real-time monitoring access, if you are away from the live feed device, you can replay saved video files to get important insights.

Indian market exploring further business opportunities, there is a high demand for security surveillance cameras from hospitals, hotels, call centers, retails stores, government offices, public transports, and offices.

Full Report: “Market Trends: 5G Opportunities in IoT for Communications Service Providers.”

Read More:

  • Present-day scenario of surveillance industry in India [Interview]
  • Latest Advancement In The Field of IP Surveillance, How Business Are Taking Advantage of It? [Interview]
News Desk

News Desk

by CXO VOICE team memebrs, [email protected]

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